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Pennsylvania Real Estate Investment Trust Message Board

  • gerrttyc gerrttyc Aug 15, 2013 12:52 PM Flag

    where is daviddbc21....

    where is daviddbc21.....please say something....this old man misses your comments.

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    • I'm still kicking!

      Not too much to really say about PEI. Our growth opportunity revolves solely around the downtown Philly 3 block area - if/when management puts forth a development plan for it, then I'd dive into it. But otherwise I think we are back to being a "normal" REIT. We have decent cash flows, manageable levels of debt, some opportunity to increase occupancy and normal debt redemption schedules.

      I'd like to see a .20+ dividend declared this June, with .20 being likely IMO. Personally, I'd like to see .25 as that would represent about 50% of FFO being paid out to shareholders but I think they will choose .20. That "supports" a $20 share price at a 4%-5% yield going forward - and I think we should trade at about that level given the retail risks like JCP, Sears, etc.

      Otherwise I just don't see much happening worth much note. I spend more of my free time on ARP and MNHVF (If you like the MLP space I think ARP is a good buy at today's prices - I recommended MNHVF when it was much lower - wouldn't buy more today).

21.32-0.19(-0.88%)Oct 21 4:02 PMEDT